Asia Pacific Advanced Air Mobility Market Forecast to 2030
Asia Pacific Advanced Air Mobility Market Forecast to 2030 – Regional Analysis – by Component (Hardware and Software), Operation Mode (Piloted and Autonomous), Propulsion Type (Fully Electric and Hybrid), and End Use (Passenger and Cargo)
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Description
Rising Construction of Vertiports Fuels Asia Pacific Advanced Air Mobility Market
Vertiports are centers for vertical takeoff and landing vehicles such as eVTOL vehicles, drones, and air taxis. The increasing demand for competent urban transportation and developments in eVTOL technology and the shortage of available land to build conventional vertiports fuel the need for advanced vertiports, which, in a way, is one of the landmarks for the advanced air mobility market globally. Further, the growing demand for sustainable and low-carbon emission approaches in the aviation and logistics sector boost the demand for advanced air mobility services. The advancement of vertiports could transform urban strategies for efficient and eco-friendly city transport or logistic modes. Air pollution, traffic congestion, and the high expenditure on infrastructure are among the major challenges. To mitigate these issues, lower travel time, reduce carbon emissions, and improve accessibility, vertiports are one of the most promising solutions. Vertiports are similar to helipads but developed for a wider range of aircraft. The vertiports can be situated in any location, including parking spaces, rooftops, and any public spaces. In addition, vertiports are landing pads, but they can be used for other services such as maintenance facilities, charging stations, and passenger amenities. The advancements of vertiports are expected to create new opportunities for the Asia Pacific advanced air mobility market in the coming years.
Asia Pacific Advanced Air Mobility Market Overview
China, India, Australia Japan, and South Korea are among the largest and most dynamic economies of Asia Pacific. The rising urbanization and growing congestion in traffic are pushing the ground transportation to maximum limits in the countries. The urban air mobility can develop a transportation system that is faster, cleaner, and interconnected within Asia Pacific countries. In April 2021, Volocopter, a German eVTOL developer, and China’s Geely Technology Group announced that they are laying the groundwork for future urban air mobility (UAM) services in China with a joint presence at Auto Shanghai 2021. Further, in June 2020, Terrafugia, a subsidiary of Zhejiang Geely Holding Group, introduced its full-scale TF-2A eVTOL aircraft. The growing initiatives from leading players to provide the urban air mobility solution is augmenting the development of air taxis. In October 2021, Vertical Aerospace announced that its VA-X4 is expected to be a part of plans for eVTOL air taxi services in Japan based on a lease-purchase agreement between Japan Airlines and Avolon. The advanced air mobility market is in development phase in Asia Pacific countries and is expected to grow in coming years. For instance, in 2023, the Bao’an district of Shenzhen is moving toward becoming the center of advanced air mobility services by partnering with three eVTOL aircraft manufacturer.
In February 2022, Ascendance Flight Technologies, a French startup, signed a deal with Yugo Global Industries, a Singapore-based private aviation charter company. The agreement consists of a pre-order of 18 Atea hybrid eVTOL aircraft which is expected to get delivered in 2025. Thus, strategic plans and initiatives by emerging players in the advanced air mobility market are strengthening the market growth in Asia Pacific. The eVTOL aircraft and small unmanned drones can be used for urban and regional air mobility and utility services, including city taxi or airport shuttle routes and intercity flights. In the advanced air mobility market, government bodies, industries, and regulators work collectively to develop the regulation, infrastructure, and societal changes in the advanced air mobility to deliver economic and environmental value.
Asia Pacific Advanced Air Mobility Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Advanced Air Mobility Market Segmentation
The Asia Pacific advanced air mobility market is segmented based on component, operation mode, propulsion type, end-use, and country.
Based on component, the Asia Pacific advanced air mobility market is bifurcated into hardware and software. The hardware segment held a larger Asia Pacific advanced air mobility market share in 2022.
In terms of operation mode, the Asia Pacific advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held a larger Asia Pacific advanced air mobility market share in 2022.
By end-use, the Asia Pacific advanced air mobility market is segmented into passenger and cargo. The cargo segment held a larger Asia Pacific advanced air mobility market share in 2022.
By propulsion type, the Asia Pacific advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held a larger Asia Pacific advanced air mobility market share in 2022.
Based on country, the Asia Pacific advanced air mobility market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific advanced air mobility market in 2022.
Airbus SE, EHang Holdings Ltd, Elbit Systems Ltd, Embraer SA, and the Boeing Co are some of the leading companies operating in the Asia Pacific advanced air mobility market.
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According to the Research Team’ research, the Asia Pacific advanced air mobility market was valued at US$ 106.92 million in 2022 and is expected to reach US$ 2,258.73 million by 2030, registering a CAGR of 46.4% from 2022 to 2030. Growing advent of small unmanned systems for cargo deliveries and advancement of electric propulsion-based eVTOL aircraft are among the critical factors attributed to the Asia Pacific advanced air mobility market expansion.
The technological advancement in the field of air mobility is driving the development of small, unmanned drones for cargo deliveries. The increasing demand for speedy same-day delivery of shipments and the need for delivering essential supplies in unreachable and remote locations are boosting the demand for small, unmanned drones. The unmanned aerial drones can be used to deliver a range of cargo, which primarily includes spare parts, commercial goods, medical supplies, food items and vaccines. In addition, unmanned aerial drones can also be used to deliver postal in remote construction or offshore sites. The increasing proliferation of unmanned drones in the logistics and freight services. For instance, in 2022, Skye Air Mobility collaborated with Dunzo to test and trial drone-driven food delivery services in Karnataka. In 2022, Swiggy collaborated with Garuda Aerospace to trial drones to deliver groceries in Bengaluru and Delhi NCR. Cargo drones are also gaining momentum as it is a viable option to mitigate the carbon footprint and lower the level of environmental pollution. Growing focus on lowering the carbon footprint in the logistics and aviation sector is boosting the development of cargo drones globally.
Thus, the growing development of small unmanned drones for cargo deliveries is anticipated to boost the growth of the advanced air mobility market globally.
On the contrary, required certification and qualification challenges for market vendors hampers the growth Asia Pacific advanced air mobility market.
Based on component, the Asia Pacific advanced air mobility market is bifurcated into hardware and software. The hardware segment held 79.8% share of the Asia Pacific advanced air mobility market in 2022, amassing US$ 85.32 million. It is projected to garner US$ 1,731.46 million by 2030 to expand at 45.7% CAGR during 2022-2030.
In terms of operation mode, the Asia Pacific advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held 77.5% share of the Asia Pacific advanced air mobility market in 2022, amassing US$ 82.90 million. It is projected to garner US$ 1,663.23 million by 2030 to expand at 45.5% CAGR during 2022-2030.
By end use, the Asia Pacific advanced air mobility market is segmented into passenger and cargo. The cargo segment held 100.0% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 106.92 million. It is projected to garner US$ 506.53 million by 2030 to expand at 21.5% CAGR during 2022-2030.
By propulsion type, the Asia Pacific advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held 81.8% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 87.44 million. It is projected to garner US$ 1,944.02 million by 2030 to expand at 47.4% CAGR during 2022-2030.
Based on country, the Asia Pacific advanced air mobility market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China held 71.0% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 75.87 million. It is projected to garner US$ 1,644.35 million by 2030 to expand at 46.9% CAGR during 2022-2030.
Key players operating in the Asia Pacific advanced air mobility market are Airbus SE, EHang Holdings Ltd, Elbit Systems Ltd, Embraer SA, and the Boeing Co, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific advance air mobility market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the advance air mobility market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Advanced Air Mobility Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.3 Ecosystem Analysis
5. Asia Pacific Advanced Air Mobility Market – Key Industry Dynamics
5.1 Advanced Air Mobility Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Embracing Air Taxis Owing to the Advancement of Urban Air Mobility
5.2.2 Growing advent of small unmanned systems for cargo deliveries
5.2.3 Advancement of Electric Propulsion-Based eVTOL Aircraft
5.3 Market Restraints
5.3.1 Required Certification and Qualification Challenges for Market Vendors
5.4 Market Opportunities
5.4.1 Rising Construction of Vertiports
5.4.2 Demand for Last-Mile Delivery
5.5 Future Trends
5.5.1 Evolving Necessity for Green Energy-Based Mode of Transportation
5.6 Impact of Drivers and Restraints:
6. Advanced Air Mobility Market – Asia Pacific Market Analysis
6.1 Asia Pacific Advanced Air Mobility Market Revenue (US$ Million), 2022 – 2030
6.2 Asia Pacific Advanced Air Mobility Market Forecast and Analysis
7. Asia Pacific Advanced Air Mobility Market Analysis – By Component
7.1 Overview
7.1.1 Asia Pacific Advanced Air Mobility Market, By Component (2022 and 2030)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Software
7.3.1 Overview
7.3.2 Software: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Advanced Air Mobility Market Analysis – Operation Mode
8.1 Overview
8.1.1 Asia Pacific Advanced Air Mobility Market, By Operation Mode (2022 and 2030)
8.2 Piloted
8.2.1 Overview
8.2.2 Piloted: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Autonomous
8.3.1 Overview
8.3.2 Autonomous : Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Advanced Air Mobility Market Analysis – By End Use
9.1 Overview
9.1.1 Asia Pacific Advanced Air Mobility Market, By End Use (2022 and 2030)
9.2 Passenger
9.2.1 Overview
9.2.2 Passenger: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Cargo
9.3.1 Overview
9.3.2 Cargo: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Advanced Air Mobility Market Analysis – by Propulsion Type
10.1 Overview
10.1.1 Asia Pacific Advanced Air Mobility Market, By Propulsion Type (2022 and 2030)
10.2 Fully Electric
10.2.1 Overview
10.2.2 Fully Electric : Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Hybrid
10.3.1 Overview
10.3.2 Hybrid: Asia Pacific Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Advanced Air Mobility Market – Country Analysis
11.1 Asia Pacific
11.1.1 Asia Pacific Advanced Air Mobility Market Overview
11.1.2 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 Australia Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 Australia Advanced Air Mobility Market Breakdown by Component
11.1.2.1.2 Australia Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.1.3 Australia Advanced Air Mobility Market Breakdown by End Use
11.1.2.1.4 Australia Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.2 China Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 China Advanced Air Mobility Market Breakdown by Component
11.1.2.2.2 China Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.2.3 China Advanced Air Mobility Market Breakdown by End Use
11.1.2.2.4 China Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.3 Japan Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Japan Advanced Air Mobility Market Breakdown by Component
11.1.2.3.2 Japan Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.3.3 Japan Advanced Air Mobility Market Breakdown by End Use
11.1.2.3.4 Japan Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.4 South Korea Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 South Korea Advanced Air Mobility Market Breakdown by Component
11.1.2.4.2 South Korea Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.4.3 South Korea Advanced Air Mobility Market Breakdown by End Use
11.1.2.4.4 South Korea Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.5 India Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 India Advanced Air Mobility Market Breakdown by Component
11.1.2.5.2 India Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.5.3 India Advanced Air Mobility Market Breakdown by End Use
11.1.2.5.4 India Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.6 Rest of APAC Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.6.1 Rest of APAC Advanced Air Mobility Market Breakdown by Component
11.1.2.6.2 Rest of APAC Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.6.3 Rest of APAC Advanced Air Mobility Market Breakdown by End Use
11.1.2.6.4 Rest of APAC Advanced Air Mobility Market Breakdown by Propulsion Type
12. Industry Landscape
12.1 Overview
12.1.1 Market Initiative
12.1.2 New Product Development
12.1.3 Merger and Acquisition
13. Company Profiles
13.1 Airbus SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EHang Holdings Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 The Boeing Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Embraer SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Elbit Systems Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About the Research Team
LIST OF TABLES
Table 1. Asia Pacific Advanced Air Mobility Market Segmentation
Table 2. Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) – Operation Mode
Table 5. Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) – by End Use
Table 6. Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) – Propulsion Type
Table 7. Australia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 8. Australia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 9. Australia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 10. Australia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
Table 11. China Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 12. China Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 13. China Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 14. China Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
Table 15. Japan Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 16. Japan Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 17. Japan Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 18. Japan Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
Table 19. South Korea Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 20. South Korea Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 21. South Korea Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 22. South Korea Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
Table 23. India Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 24. India Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 25. India Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 26. India Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
Table 27. Rest of APAC Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 28. Rest of APAC Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Operation Mode
Table 29. Rest of APAC Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 30. Rest of APAC Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) – By Propulsion Type
LIST OF FIGURES
Figure 1. Asia Pacific Advanced Air Mobility Market Segmentation, By Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Asia Pacific Advanced Air Mobility Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Advanced Air Mobility Market Revenue (US$ Million), 2022 – 2030
Figure 6. Asia Pacific Advanced Air Mobility Market Share (%) – Component, 2022 and 2030
Figure 7. Hardware: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Software: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Asia Pacific Advanced Air Mobility Market Share (%) – Operation Mode, 2022 and 2030
Figure 10. Piloted: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Autonomous : Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Asia Pacific Advanced Air Mobility Market Share (%) – End Use, 2022 and 2030
Figure 13. Passenger: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Cargo: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Asia Pacific Advanced Air Mobility Market Share (%) – Propulsion Type, 2022 and 2030
Figure 16. Fully Electric : Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Hybrid: Asia Pacific Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Asia Pacific Advanced Air Mobility Market Revenue, by Country (2022) (US$ Million)
Figure 19. Asia Pacific Advanced Air Mobility Market Breakdown by Country (2022 and 2030)
Figure 20. Australia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. China Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Japan Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. South Korea Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. India Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Rest of APAC Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Asia Pacific Advanced Air Mobility Market
1. Airbus SE
2. EHang Holdings Ltd
3. Elbit Systems Ltd
4. Embraer SA
5. The Boeing Co
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